BMO Covered Call Utilities ETF (TSE:ZWU) Shares Pass Above Fifty Day Moving Average – What’s Next?

BMO Covered Call Utilities ETF (TSE:ZWU)’s stock price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$10.62 and traded as high as C$10.83. BMO Covered Call Utilities ETF shares last traded at C$10.83, with a volume of 233,572 shares traded.

BMO Covered Call Utilities ETF Price Performance

The stock has a 50-day simple moving average of C$10.62 and a two-hundred day simple moving average of C$10.87.

BMO Covered Call Utilities ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Tuesday, February 4th. Stockholders of record on Tuesday, February 4th were given a dividend of $0.07 per share. This represents a $0.84 annualized dividend and a dividend yield of 7.76%. The ex-dividend date was Thursday, January 30th.

About BMO Covered Call Utilities ETF

The ETF seeks to provide exposure to the performance of a portfolio of utilities companies to generate income and to provide long-term capital appreciation. To achieve investment objective the ETF will primarily invest in and hold the equity securities of Canadian companies widely recognized as utilities companies, which may also include telecommunication and pipeline companies, and use derivative instruments to hedge U.S.